joining us, managing director. what do you make of inditex. >> i think with the share price performance you've seen for that, up almost 70%, almost nothing would please the market. the results are a league of its own. 7% like -- remember, the business is still majority in spain, italy, portugal, greece, et cetera. over 50% of sales. there 7% like for like. margins rising. it is a special company. >> taking a big -- are they taking a chunk of market share, as well? >> absolutely. i think it goes back to the strengths of its model. i think more than anyone else they listen to the consumer. this is fast fashion taken to the extreme. there's something new in the stores every two weeks. there's a reason to keep going every two weeks. they get feedback from the store managers quickly on what's working, what's not working. go back to the production people, say we need this more, we need less of this. >> the supply chain must be -- where are they making this stuff? how are they able to get it into the store so quick three